FORM NL-1-B-RA. Registration No. 145 and Date of Registration with the IRDA February 15,2010

FORM NL-1-B-RA Name of the Insurer: Max Bupa Health Insurance Company Limited Registration No. 145 and Date of Registration with the IRDA February 15,2010 REVENUE ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2015 (Rs. 000) FOR THE PERIOD FOR THE QUARTER FOR THE PERIOD ENDED 31st ENDED 31st ENDED 31st DECEMBER 2015 DECEMBER 2014 DECEMBER 2014 1023305 2861517 814861 2344560 SN Particulars Schedule FOR THE QUARTER ENDED 31st DECEMBER 2015 1 Premiums earned (Net) NL-4- Premium Schedule 2 Profit/ Loss on sale/redemption of Investments - - - - 3 Others (to be specified) - - - - 4 Interest, Dividend & Rent Gross 48600 159782 39278 129180 TOTAL (A) 1071905 3021299 854139 2473740 1 Claims Incurred (Net) NL-5-Claims Schedule 2 Commission NL-6- Commission Schedule 568414 1697863 440356 1318419 102629 298895 67358 201405 3 Operating Expenses related to Insurance Business NL-7- Operating Expenses Schedule 551412 1662735 605012 1745776 4 Premium Deficiency - - -5653 TOTAL (B) 1222455 3659493 1112726 3259947 Operating Profit/(Loss) from (150550) (638194) (258587) (786207) Fire/Marine/Miscellaneous Business C= (A - B) APPROPRIATIONS Transfer to Shareholders Account (150550) (638194) (258587) (786207) Transfer to Catastrophe Reserve - - - - Transfer to Other Reserves (to be - - - - specified) TOTAL (C) (150550) (638194) (258587) (786207) Note:previous numbers have been regrouped wherever necessary

FORM NL-2-B-PL Name of the Insurer: Max Bupa Health Insurance Company Limited Registration No. 145 and Date of Registration with the IRDA February 15,2010 PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2015 (Rs. 000) SN Particulars Schedule FOR THE QUARTER ENDED 31st DECEMBER 2015 FOR THE PERIOD ENDED 31st DECEMBER 2015 FOR THE QUARTER ENDED 31st DECEMBER 2014 FOR THE PERIOD ENDED 31st DECEMBER 2014 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance - - - - (b) Marine Insurance - - - - (c ) Miscellaneous Insurance (150550) (638194) (258587) (786207) 2 INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent Gross 48468 123754 41002 101396 (b) Profit on sale of investments 22564 31192 5868 15518 Less: Loss on sale of investments - - - - 3 OTHER INCOME (To be specified) -' Gain on Foreign Exchange Fluctuation - - - - -' Interest Income 252 1178 574 1114 -' Liabilities no longer required written back - - - 124 TOTAL (A) (79266) (482070) (211143) (668055) 4 PROVISIONS (Other than taxation) (a) For diminution in the value of investments - - - - (b) For doubtful debts 8455 8295 141 667 (c) Others (to be specified) 0 0 5 OTHER EXPENSES (a) Expenses other than those related to Insurance 1193 1193 323 7955 Business (b) Bad debts written off - - - - (c) Others - - - - TOTAL (B) 9648 9488 464 8622 Profit/(Loss) Before Tax (88914) (491558) (211607) (676677) Provision for Taxation - - - - APPROPRIATIONS (a) Interim dividends paid during the - - - - (b) Proposed final dividend - - - - (c) Dividend distribution tax - - - - (d) Transfer to any Reserves or Other Accounts - - - - (to be specified) Balance of profit/ (Loss) brought forward (6610862) (6208218) (5740155) (5275085) Add: Adjustment on account of depreciation due to change in accounting policy (Refer Schedule 16 C - Note 22) - - - - Balance carried forward to Balance Sheet (6699776) (6699776) (5951762) (5951762) Note:previous numbers have been regrouped wherever necessary

FORM NL-3-B-BS Name of the Insurer: Max Bupa Health Insurance Company Limited Registration No. 145 and Date of Registration with the IRDA February 15,2010 BALANCE SHEET AS AT DECEMBER 31, 2015 SN Particulars Schedule AS AT 31st DECEMBER 2015 SOURCES OF FUNDS (Rs. 000) AS AT 31st DECEMBER 2014 SHARE CAPITAL SHARE APPLICATION MONEY PENDING ALLOTMENT RESERVES AND SURPLUS NL-8-Share Capital Schedule NL-10- Reserves and Surplus Schedule 8760000 7535000-96200 - - FAIR VALUE CHANGE ACCOUNT 1205 1318 BORROWINGS NL-11- Borrowings Schedule - - TOTAL 8761205 7632518 APPLICATION OF FUNDS INVESTMENTS LOANS FIXED ASSETS NL-12- Investment Schedule NL-13-Loans Schedule NL-14-Fixed Assets Schedule 5179784 3839704 - - 260272 313613 DEFERRED TAX ASSET - - CURRENT ASSETS Cash and Bank Balances Advances and Other Assets NL-15-Cash and bank balance Schedule NL-16- Advances and Other Assets Schedule 94503 86444 424457 391335 Sub-Total (A) 518960 477779

FORM NL-3-B-BS Name of the Insurer: Max Bupa Health Insurance Company Limited Registration No. 145 and Date of Registration with the IRDA February 15,2010 BALANCE SHEET AS AT DECEMBER 31, 2015 (Rs. 000) SN Particulars Schedule AS AT 31st DECEMBER 2015 AS AT 31st DECEMBER 2014 CURRENT LIABILITIES NL-17-Current 1586764 1244049 Liabilities Schedule PROVISIONS NL-18- Provisions Schedule 2310823 1706291 DEFERRED TAX LIABILITY - - Sub-Total (B) 3897587 2950340 NET CURRENT ASSETS (C) = (A - B) MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT NL-19- Miscellaneous Expenditure Schedule (3378627) (2472561) - - 6699776 5951762 TOTAL 8761205 7632518 Note:previous numbers have been regrouped wherever necessary CONTINGENT LIABILITIES SN Particulars AS AT 31st AS AT 31st DECEMBER DECEMBER 2015 2014 (Rs. 000) (Rs. 000) 1 Partly paid-up investments - 2 Claims, other than against policies, not acknowledged as debts by the company 0 427 3 Underwriting commitments outstanding (in respect of shares and securities) - - 4 Guarantees given by or on behalf of the 500 - Company 5 Statutory demands/ liabilities in dispute, - - not provided for 6 Reinsurance obligations to the extent not - - provided for in accounts 7 Compensation raised by policyholders 38,183 - against rejected claims TOTAL 38683 427

FORM NL-4-PREMIUM SCHEDULE PREMIUM EARNED [NET] (Rs. 000) Particulars FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st DECEMBER 2015 DECEMBER 2015 DECEMBER 2014 DECEMBER 2014 Health Personal Others Total Health Personal Others Total Health Personal Others Total Health Personal Others Total Accident Accident Accident Accident Premium from direct business written* 1134547 1239-1135786 3250197 2522-3252719 898690 235-898925 2485870 5350-2491220 Service Tax - - - - - - - - - - - - - - - - Adjustment for change in reserve for unexpired risks - - - - - - - - - - - - - - - - Gross Earned Premium 1134547 1239-1135786 3250197 2522-3252719 898690 235-898925 2485870 5350-2491220 Add: Premium on reinsurance accepted - - - - - - - - - - - - - - - - Less : Premium on reinsurance ceded 57797 186-57983 165996 1533-167529 45978 (445) - 45533 127401 1750-129151 Net Premium 1076750 1053-1077803 3084201 989-3085190 852712 680-853392 2358469 3600-2362069 Adjustment for change in reserve for unexpired risks 54299 199-54498 223695 (22) - 223673 40754 (2223) - 38531 22090 (4581) - 17509 Premium Earned (Net) 1022451 854-1023305 2860506 1011-2861517 811958 2903-814861 2336379 8181-2344560 * Net of Service Tax Note:previous numbers have been regrouped wherever necessary

FORM NL-5 - CLAIMS SCHEDULE CLAIMS INCURRED [NET] (Rs. 000) Particulars FOR THE QUARTER ENDED 31st DECEMBER 2015 Health Personal Accident Others Total Health Personal Accident FOR THE PERIOD ENDED 31st DECEMBER 2015 Others Total Health Personal Accident FOR THE QUARTER ENDED 31st DECEMBER 2014 FOR THE PERIOD ENDED 31st DECEMBER 2014 Others Total Health Personal Accident Others Total Claims paid Direct claims 557049 0-557049 1593321 1746-1595067 441368 2526-443894 1347746 5299-1353045 Add Claims Outstanding at the end of the 555454 190-555644 555454 190-555644 365776 2082-367858 365776 2082-367858 515283 783-516066 371220 945-372165 343925 3880-347805 328963 652-329615 Less Claims Outstanding at the beginning Gross Incurred Claims 597220 (593) - 596627 1777554 992-1778546 463219 728-463947 1384559 6729-1391288 Add :Re-insurance accepted to direct - - - - - - - - - - - - - - - - claims Less :Re-insurance Ceded to claims paid 28213 0-28213 80596 87-80683 23456 135-23591 72595 274-72869 Total Claims Incurred * 569007 (593) - 568414 1696959 904-1697863 439763 593-440356 1311964 6455-1318419 Note:previous numbers have been regrouped wherever necessary

FORM NL-6-COMMISSION SCHEDULE COMMISSION (Rs. 000) Particulars FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st DECEMBER 2015 DECEMBER 2015 DECEMBER 2014 DECEMBER 2014 Health Personal Accident Others Total Health Personal Accident Others Total Health Personal Accident Others Total Health Personal Accident Others Total Commission paid Direct 111164 106-111270 323738 161-323899 74176 22-74198 220238 196-220434 Add: Re-insurance accepted - - - - - - - - - - - - - - - - Less: Commission on Re-insurance Ceded 8557 84-8641 24445 559-25004 6522 318-6840 18136 893-19029 Net Commission 102607 22-102629 299293 (398) - 298895 67654 (296) - 67358 202102 (697) - 201405 Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 61560 22-61582 208844 50-208894 51302 15-51317 160059 79-160138 Brokers 14308 84-14392 39867 111-39978 12964 7-12971 37017 117-37134 Corporate Agency 35296 - - 35296 75027 - - 75027 9910 - - 9910 23162 - - 23162 Referral - - - - - - - - - - - - - - - - Others (pl. specify) - - - - - - - - - - - - TOTAL (B) 111164 106-111270 323738 161-323899 74176 22-74198 220238 196-220434

FORM NL-7-OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS SN Particulars Employees remuneration & welfare 1 benefits Travel, conveyance and vehicle running 2 expenses FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st FOR THE QUARTER ENDED 31st FOR THE PERIOD ENDED 31st DECEMBER 2015 DECEMBER 2015 DECEMBER 2014 DECEMBER 2014 Health Personal Accident Others Total Health Personal Accident Others Total Health Personal Accident Others Total Health Personal Accident Others Total 334927 366-335293 899906 698-900604 268636 70-268706 815553 1755-817308 16609 18-16627 55839 43-55882 24594 6-24600 71776 154-71930 3 Training expenses 27633 30-27663 69574 54-69628 10243 3-10246 36136 78-36214 4 Rents, rates & taxes * 24655 27-24682 81202 63-81265 26117 7-26124 81589 176-81765 5 Repairs 29704 32-29736 99770 77-99847 31611 8-31619 90052 194-90246 6 Printing & stationery 4979 5-4984 19399 15-19414 8437 2-8439 22821 49-22870 7 Communication 17021 19-17040 59175 46-59221 16699 4-16703 61834 133-61967 8 Legal & professional charges 42630 47-42677 145032 113-145145 58172 15-58187 197517 425-197942 9 Auditors' fees, expenses etc (a) as auditor 649 1-650 1950 2-1952 583 0-583 1791 4-1795 (b) as adviser or in any other capacity, in respect of (i) Taxation matters - - - - - - - - - - - - - - - - (ii) Insurance matters - - - - - - - - - - - - - - - - (iii) Management services; and - - - - - - - - - - - - - - - - (c) in any other capacity-tax 20 - - 20 60 - - 60 20 - - 20 60 - - 60 Audit 10 Advertisement and publicity 15774 17-15791 122908 95-123003 123440 32-123472 256129 551-256680 11 Interest and bank charges 4009 4-4013 11488 9-11497 3449 1-3450 9484 20-9504 12 Others (to be specified) (a) Business and Sales Promotion 361 - - 361 524 - - 524 14 - - 14 36 - - 36 (b) Membership & Subscription 515 1-516 1509 1-1510 706 0-706 2083 4-2087 ('c) Loss on Disposal of Fixed Assets - - - - 13 - - 13 20 - - 20 1194 3-1197 (d) Loss on Foreign Exchange Fluctuation (77) - - (77) 771 1-772 34 - - 34 66 - - 66 (e) Charity & Donation - - - - - - - - - - - - 5 - - 5 (f) Insurance 497 1-498 1116 1-1117 414 0-414 869 2-871 (g) Sitting Fee 599 1-600 2398 2-2400 - - - - - - - - (h) Miscellaneous Expenses** 843 1-844 1599 1-1600 1079 0-1079 2442 5-2447 13 Depreciation 29462 32-29494 87213 68-87281 30588 8-30596 90591 195-90786 TOTAL 550810 602-551412 1661446 1289-1662735 604856 156-605012 1742028 3748-1745776 * Rent expenses is after adjustment of rent equilization reserve ** None of the items individually are higher than 1% of Net Written Premium Note:previous numbers have been regrouped wherever necessary (Rs. 000)

FORM NL-8-SHARE CAPITAL SCHEDULE SHARE CAPITAL SN Particulars AS AT 31st DECEMBER 2015 (Rs. 000). AS AT 31st DECEMBER 2014 1 Authorised Capital 1,00,00,00,000 Equity Shares of Rs 10 each 10000000 10000000 2 Issued Capital 87,60,00,000 Equity Shares of Rs 10 each 8760000 7535000 (Previous as at Dec 2014: 75,35,00,000 Equity Shares of Rs.10 each) 3 Subscribed Capital 0 0 87,60,00,000 Equity Shares of Rs 10 each 8760000 7535000 (Previous as at Dec 2014: 75,35,00,000 Equity Shares of Rs.10 each) 4 Called-up Capital 87,60,00,000 Equity Shares of Rs 10 each 8760000 7535000 (Previous as at Dec 2014, 75,35,00,000 Equity Shares of Rs.10 each) Less : Calls unpaid 0 0 Add : Equity Shares forfeited (Amount originally paid up) 0 0 Less : Par Value of Equity Shares bought back 0 0 Less : Preliminary Expenses 0 0 Less : Expenses including commission or brokerage on 0 0 Underwriting or subscription of shares 0 0 TOTAL 8760000 7535000 Note: 0 Out of the above, 64,82,40,000 (Previous as at Dec, 2014-55,75,90,000) Equity Shares of Rs. 10/- each are held by Max India Limited, the holding company along with its nominees.

FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULE SHARE CAPITAL PATTERN OF SHAREHOLDING [As certified by the Management] AS AT 31st DECEMBER 2015 Shareholder Number of Shares % of Holding Number of Shares AS AT 31st DECEMBER 2014 % of Holding Promoters Indian 648240000 74.00% 557590000 74.00% Foreign 227760000 26.00% 195910000 26.00% Others - - - - TOTAL 876000000 100.00% 753500000 100.00%

FORM NL-10-RESERVE AND SURPLUS SCHEDULE RESERVES AND SURPLUS (Rs. 000). SN Particulars AS AT 31st DECEMBER 2015 AS AT 31st DECEMBER 2014 1 Capital Reserve - - 2 Capital Redemption Reserve - - 3 Share Premium - - General Reserves - - Less: Debit balance in Profit and Loss - - Account Less: Amount utilized for Buy-back - - 4 5 Catastrophe Reserve - - 6 Other Reserves (to be specified) - - Balance of Profit in Profit & Loss - - 7 Account TOTAL - -

FORM NL-11-BORROWINGS SCHEDULE BORROWINGS (Rs. 000). AS AT 31st DECEMBER 2014 SN Particulars AS AT 31st DECEMBER 2015 1 Debentures/ Bonds - - 2 Banks - - 3 Financial Institutions - - 4 Others (to be specified) - - TOTAL - -

FORM NL-12-INVESTMENT SCHEDULE Investments (Rs. 000). SN Particulars AS AT 31st DECEMBER 2015 AS AT 31st DECEMBER 2014 LONG TERM INVESTMENTS Government securities and Government guaranteed 883647 987976 1 bonds including Treasury Bills 2 Other Approved Securities 308561 0 3 Other Investments ( a) Shares (aa) Equity 0 0 (bb) Preference 0 0 ( b) Mutual Funds 0 0 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 576285 515415 (e) Other Securities -Fixed Deposits 193852 212255 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 909228 205132 5 Other than Approved Investments 0 0 SHORT TERM INVESTMENTS Government securities and Government guaranteed 437257 196365 1 bonds including Treasury Bills 2 Other Approved Securities 0 0 3 Other Investments (a) Shares (aa) Equity 0 0 (bb) Preference 0 0 (b) Mutual Funds 44775 132542 (a) Derivative Instruments 0 0 (b) Debentures/ Bonds 383573 341041 (c) Other Securities-Fixed Deposits 1265630 756475 (d) Subsidiaries 0 0 (e) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 0 300018 5 Other than Approved Investments* 176976 192485 TOTAL 5179784 3839704 * in mutual funds Notes: a. b. Long Term Government securities include Deposits held under section 7 of Insurance Act 1938, having book value of Rs. 98,685 thousand (Previous as at Dec 2014 - Rs. 98,205 thousand). Market value of such investments is Rs. 99,385 thousands (Previous as at Dec 2014 - Rs.97,986 thousand). Aggregate amount of Company's investments other than listed equity securities and derivative instruments is Rs.51,79,784 thousands (Previous as at Dec 2014: Rs.38,39,704 thousands ). Market value of such investments is Rs. 52,17,333 thousands (Previous as at Dec 2014 Rs.38,90,646 thousands).

FORM NL-13-LOANS SCHEDULE LOANS (Rs. 000). SN Particulars AS AT 31st DECEMBER 2015 AS AT 31st DECEMBER 2014 1 SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property - - (aa) In India - - (bb) Outside India - - (b) On Shares, Bonds, Govt. Securities - - (c) Others (to be specified) - - Unsecured - - TOTAL - - 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments - - (b) Banks and Financial Institutions - - (c) Subsidiaries - - (d) Industrial Undertakings - - (e) Others (to be specified) - - TOTAL - - 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard - - (aa) In India - - (bb) Outside India - - (b) Non-performing loans less provisions - - (aa) In India - - (bb) Outside India - - TOTAL - - 4 MATURITY-WISE CLASSIFICATION (a) Short Term - - (b) Long Term - - TOTAL - -

MAX BUPA HEALTH INSURANCE COMPANY LIMITED REGISTRATION NO: 145, DATE OF REGISTRATION WITH IRDA: FEBRUARY 15, 2010 SCHEDULES FORMING PART OF FINANCIAL STATEMENTS Form NL-14 FIXED ASSETS SN Particulars (Rs. 000) Cost/ Gross Block Depreciation Net Block As at Additions Deductions As at Upto For the On Sales/ To date As at As at Apr 1, 2015 Dec 31, 2015 Mar 31, 2015 Adjustments Dec 31, 2015 Dec 31, 2015 Dec 31, 2014 1 Goodwill - - - - - - - - - - 2 Intangibles - - - - - - - - - - a) Softwares 287646 31875 0 319521 191481 34250 0 225731 93790 100453 b) Website 11258 0 0 11258 7960 1639 0 9599 1659 3836 3 Land-Freehold 0 0 0 0 0 0 0 0 0 0 4 Leasehold Property 155658 1045 0 156703 60597 19870 0 80467 76236 96417 5 Buildings 0 0 0 0 0 0 0 0 0 0 6 Furniture & Fittings 29617 123 9 29731 20464 2109 3 22570 7161 8544 7 IT Equipment - Others 63762 52 34 63780 26923 10348 30 37241 26539 37062 8 IT Equipment - End User Devices 80019 1799 0 81818 55178 11522 0 66700 15118 24085 9 Vehicles 0 0 0 0 0 0 0 0 0 0 10 Office Equipment 61630 6068 7 67691 31179 7543 5 38717 28974 28670 11 Others 0 0 0 0 0 0 0 0 0 0 Total 689590 40962 50 730502 393782 87281 38 481025 249477 299067 11 Work in progress 25458 0 14663 10795 0 0 0 0 10795 14546 Grand total 715048 40962 14713 741297 393782 87281 38 481025 260272 313613 Previous 592527 99939 12299 680167 284511 90786 8743 366554 313613 Notes: 1. Leasehold property consists of civil and other improvements at premises taken on long term lease by the Company. 2. Work in progress includes capital advances of Rs 10,795 thousands (Previous year Rs. 4,234 fhousand).

FORM NL-15-CASH AND BANK BALANCE SCHEDULE CASH AND BANK BALANCES SN Particulars AS AT 31st DECEMBER 2015 (Rs. 000) AS AT 31st DECEMBER 2014 Cash (including cheques, drafts and 14261 12620 1 stamps) 2 Bank Balances (a) Deposit Accounts (aa) Short-term (due within 12 - - months) (bb) Others - - (b) Current Accounts 80242 73824 (c) Others (to be specified) - - 3 Money at Call and Short Notice (a) With Banks - - (b) With other Institutions - - 4 Others (to be specified) - - TOTAL 94503 86444 Balances with non-scheduled banks included in 2 and 3 above is NIL NIL Note:previous numbers have been regrouped wherever necessary

FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS (Rs. 000). SN Particulars AS AT 31st DECEMBER AS AT 31st DECEMBER 2015 2014 ADVANCES 1 Reserve deposits with ceding companies - - 2 Application money for investments - - 3 Prepayments 27488 21459 4 Advances to Directors/Officers - - Advance tax paid and taxes deducted at source 0 393 5 (Net of provision for taxation) 6 Others (to be specified) (a) Advance to Suppliers 37174 33036 (b) Other advances* 114898 98366 TOTAL (A) 179560 153254 OTHER ASSETS 1 Income accrued on investments** 155030 108103 2 Outstanding Premiums - - 3 Agents Balances - 7050 4 Foreign Agencies Balances - - Due from other entities carrying on insurance 40928 69468 5 business (including reinsurers) 6 Due from subsidiaries/ holding 186-7 Deposit with Reserve Bank of India - - [Pursuant to section 7 of Insurance Act, 1938] - - 8 Others (to be specified) (a) Rent and other deposits*** 48019 53395 (b) Service tax on input services (net) 734 65.00 (c ) Cenvat credit on capital goods 0 0 TOTAL (B) 244897 238081 TOTAL (A+B) 424457 391335 Notes: * Includes Rs. 1,30,207 thousand (Previous as at Dec 2014 - Rs. 97,302 thousand) receivable from Central / State Government on account of premium under RSBY Scheme against which provision of Rs. 15,273 thousand has been created. ** Income Accrued on Investments includes interest on deposits also. *** Includes deposits of Rs. 684 thousand (Previous as at Dec 2014 Rs. 2,790 thousand) with bank for providing guarantee to network hospitals.

FORM NL-17-CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES SN Particulars AS AT 31st DECEMBER 2015 (Rs. 000). AS AT 31st DECEMBER 2014 1 Agents Balances 34214 28512 2 Balances due to other insurance companies 62786 93875 3 Deposits held on re-insurance ceded - - 4 Premiums received in advance 37357 29511 5 Unallocated Premium 50351 31829 6 Sundry creditors* 723205 556400 7 Due to subsidiaries/ holding company 607 795 8 Claims Outstanding 555644 367858 9 Unclaimed amount of policyholers/insured** 25559 17968 10 Due to Officers/ Directors *** 33492 25992 11 Others (to be specified) (a) Tax deducted payable 19268 23759 (b) Other statutory dues 18884 35017 (c) Advance from Corporate Clients 25397 32533 TOTAL 1586764 1244049 * Includes creditors for capital expenditure of Rs. 1126 thousand (Previous Rs. 4,610 thousand) ** Amount payable to former Chief Executive Officer (CEO) subject to IRDAI approval

FORM NL-18-PROVISIONS SCHEDULE PROVISIONS (Rs. 000) SN Particulars AS AT 31st DECEMBER AS AT 31st DECEMBER 2015 2014 1 Reserve for Unexpired Risk 2263700 1675499 For taxation (less advance tax paid and 0 0 2 taxes deducted at source) 3 For proposed dividends 0-4 For dividend distribution tax 0-5 Others (to be specified) For employee benefits (a) Gratuity 10304 4423 (b) Leave Encashment 36804 26339 (c) Superannuation 15 30 (d) Other Manpower Related 0 0 (e) Provision for Commission 0 0 (f) Other Operating Expense Related 0 0 6 Reserve for Premium Deficiency 0 0 TOTAL 2310823 1706291 Note:previous numbers have been regrouped wherever necessary

FORM NL-19 MISC EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted) SN Particulars AS AT 31st DECEMBER 2015 1 Discount Allowed in issue of shares/ debentures 31-Dec-15 (Rs. 000). AS AT 31st DECEMBER 2014 - - 2 Others (to be specified) - - TOTAL - -

FORM NL-20-CONDENSED RECEIPT AND PAYMENTS SCHEDULE Format of Receipts and Payments A/c to be furnished by the insurers on direct basis for Quarter and ended 31st December 2015 Particulars FOR THE QUARTER ENDED 31st DECEMBER 2015 FOR THE PERIOD ENDED 31st DECEMBER 2015 FOR THE QUARTER ENDED 31st DECEMBER 2014 (Rs in '000's) FOR THE PERIOD ENDED 31st DECEMBER 2014 Cash used in operating activities (43423) (242725) (90485) (657568) Cash used in investing activities (392177) (637151) (231631) (338366) Cash flow from financing activities 455000 855000 371200 941200 Effect of foreign exchange rates on cash and cash equivalents, net - - - - Net increase/(decrease) in cash and cash equivalents 19400 (24876) 49084 (54733) Cash and cash equivalents at the beginning of the 75103 119379 37360 141177 Cash and cash equivalents at the end of the 94503 94503 86444 86444

FORM NL-21 Statement of Liabilities Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 Statement of Liabilities AS AT 31st DECEMBER 2015 AS AT 31st DECEMBER 2014 (Rs in Lakhs) Sl.No. Particular Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves 1 Fire - - - - - - - - 2 Marine a Marine Cargo - - - - - - - - b Marine Hull - - - - - - - - 3 Miscellaneous a Motor - - - - - - - - b Engineering - - - - - - - - c Aviation - - - - - - - - d Liabilities - - - - - - - - e Others - - - - - - - - 4 Health Insurance 22637 3018 2538 28193 16755 2149 1530 20434 5 Total Liabilities 22637 3018 2538 28193 16755 2149 1530 20434

FORM NL-22 Geographical Distribution of Business Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 STATES GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE PERIOD ENDED 31st DEC 2015 Fire Marine (Cargo) Marine (Hull) Engineering Motor Own Damage Motor Third Party Liability insurance Personal Accident Medical Insurance Overseas medical Insurance Crop Insurance All Other Miscellaneous Grand Total (Rs in Lakhs) For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the For the Upto the Andaman & Nicobar Is. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 1.03 2.19 N.A. N.A. N.A. N.A. N.A. N.A. 1.03 2.19 Andhra Pradesh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 66.62 180.45 N.A. N.A. N.A. N.A. N.A. N.A. 66.62 180.45 Arunachal Pradesh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 0.35 2.02 N.A. N.A. N.A. N.A. N.A. N.A. 0.35 2.02 Assam N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 22.29 55.45 N.A. N.A. N.A. N.A. N.A. N.A. 22.29 55.45 Bihar N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 100.41 282.31 N.A. N.A. N.A. N.A. N.A. N.A. 100.41 282.31 Chandigarh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 63.71 189.99 N.A. N.A. N.A. N.A. N.A. N.A. 63.71 189.99 Chhattisgarh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 17.67 50.59 N.A. N.A. N.A. N.A. N.A. N.A. 17.67 50.59 Dadra & Nagra Haveli N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 1.97 6.77 N.A. N.A. N.A. N.A. N.A. N.A. 1.97 6.77 Daman & Diu N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 0.95 2.92 N.A. N.A. N.A. N.A. N.A. N.A. 0.95 2.92 Delhi N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 0.00 0.04 1,994.71 5,899.72 N.A. N.A. N.A. N.A. N.A. N.A. 1,994.71 5,899.76 Goa N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 91.21 239.34 N.A. N.A. N.A. N.A. N.A. N.A. 91.21 239.34 Gujarat N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 537.69 1,656.14 N.A. N.A. N.A. N.A. N.A. N.A. 537.69 1,656.14 Haryana N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 0.24 0.29 762.87 2,261.72 N.A. N.A. N.A. N.A. N.A. N.A. 763.12 2,262.01 Himachal Pradesh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 17.68 54.78 N.A. N.A. N.A. N.A. N.A. N.A. 17.68 54.78 Jammu & Kashmir N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 12.56 33.83 N.A. N.A. N.A. N.A. N.A. N.A. 12.56 33.83 Jharkhand N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 35.02 95.27 N.A. N.A. N.A. N.A. N.A. N.A. 35.02 95.27 Karnataka N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 0.01 3.31 922.93 2,641.57 N.A. N.A. N.A. N.A. N.A. N.A. 922.94 2,644.88 Kerala N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 0.01 0.14 431.76 1,203.26 N.A. N.A. N.A. N.A. N.A. N.A. 431.78 1,203.40 Lakshadweep N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - - - N.A. N.A. N.A. N.A. N.A. N.A. - - Madhya Pradesh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 46.04 139.51 N.A. N.A. N.A. N.A. N.A. N.A. 46.04 139.51 Maharasthra N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 12.04 20.79 3,024.94 8,271.94 N.A. N.A. N.A. N.A. N.A. N.A. 3,036.98 8,292.74 Manipur N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 2.35 3.96 N.A. N.A. N.A. N.A. N.A. N.A. 2.35 3.96 Meghalaya N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 6.45 14.44 N.A. N.A. N.A. N.A. N.A. N.A. 6.45 14.44 Mizoram N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 0.43 0.48 N.A. N.A. N.A. N.A. N.A. N.A. 0.43 0.48 Nagaland N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 1.27 2.56 N.A. N.A. N.A. N.A. N.A. N.A. 1.27 2.56 Orissa N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 248.04 530.20 N.A. N.A. N.A. N.A. N.A. N.A. 248.04 530.20 Puducherry N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 3.79 8.46 N.A. N.A. N.A. N.A. N.A. N.A. 3.79 8.46 Punjab N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 495.84 1,497.49 N.A. N.A. N.A. N.A. N.A. N.A. 495.84 1,497.49 Rajasthan N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. 0.10 0.23 325.69 913.38 N.A. N.A. N.A. N.A. N.A. N.A. 325.79 913.61 Sikkim N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 0.40 4.99 N.A. N.A. N.A. N.A. N.A. N.A. 0.40 4.99 Tamil Nadu N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. (0.00) 0.06 380.56 1,155.07 N.A. N.A. N.A. N.A. N.A. N.A. 380.56 1,155.13 Telangana N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - 0.02 621.88 1,739.42 N.A. N.A. N.A. N.A. N.A. N.A. 621.88 1,739.44 Tripura N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 0.89 3.17 N.A. N.A. N.A. N.A. N.A. N.A. 0.89 3.17 Uttar Pradesh N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - 0.34 689.12 2,036.40 N.A. N.A. N.A. N.A. N.A. N.A. 689.12 2,036.74 Uttrakhand N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 62.45 181.07 N.A. N.A. N.A. N.A. N.A. N.A. 62.45 181.07 West Bengal N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. - - 353.90 1,141.12 N.A. N.A. N.A. N.A. N.A. N.A. 353.90 1,141.12

FORM NL-23 Reinsurance Risk Concentration Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 S.No. Reinsurance Placements Reinsurance Risk Concentration No. of reinsurers Premium ceded to reinsurers Proportional Non-Proportional Facultative (Rs in Lakhs) Premium ceded to reinsurers / Total reinsurance premium ceded (%) 1 No. of Reinsurers with rating of AAA and above - - - 0% 2 No. of Reinsurers with rating AA but less than AAA - - - 0% 3 No. of Reinsurers with rating A but less than AA 5 1,663.75 11.55-100% 4 No. of Reinsurers with rating BBB but less than A - - - 0% 5 No. of Reinsurres with rating less than BBB - - - 0% 6 Others - - 0% Total 5 1663.75 11.55 0.00 100%

FORM NL-24 Ageing of Claims Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 Line of Business Ageing of Claims as at 31.12.2015 No. of claims paid Total No. of claims paid (Rs in Lakhs) Total amount of claims paid Sl.No. 1 month 1-3 months 3-6 months 6 months - 1 year > 1 year 1 Fire NA NA NA NA NA NA NA 2 Marine Cargo NA NA NA NA NA NA NA 3 Marine Hull NA NA NA NA NA NA NA 4 Engineering NA NA NA NA NA NA NA 5 Motor OD NA NA NA NA NA NA NA 6 Motor TP NA NA NA NA NA NA NA 7 Health 13485 68 0 0 0 13553 5367 8 Overseas Travel NA NA NA NA NA NA NA 9 Personal Accident 0 0 0 0 0 0 0 10 Liability NA NA NA NA NA NA NA 11 Crop NA NA NA NA NA NA NA 12 Miscellaneous NA NA NA NA NA NA NA

FORM NL-25 : Quarterly claims data for Non-Life Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 No. of claims only S No. Claims Experience Fire Marine Cargo Marine Hull Engineerin g Motor OD Motor TP Health Overseas Travel Personal Accident Liability Crop Credit Miscellane ous Total 1 Claims O/S at the beginning of the NA NA NA NA NA NA 2479 NA 0 NA NA NA NA 2479 2 Claims reported during the NA NA NA NA NA NA 16633 NA 3 NA NA NA NA 16636 3 Claims Settled during the NA NA NA NA NA NA 13553 NA 0 NA NA NA NA 13553 4 Claims Repudiated during the NA NA NA NA NA NA 1418 NA 2 NA NA NA NA 1420 5 Claims closed during the NA NA NA NA NA NA 358 NA 0 NA NA NA NA 358 6 Claims O/S at End of the NA NA NA NA NA NA 3783 NA 1 NA NA NA NA 3784 Less than 3months NA NA NA NA NA NA 3740 NA 1 NA NA NA NA 3741 3 months to 6 months NA NA NA NA NA NA 35 NA 0 NA NA NA NA 35 6months to 1 year NA NA NA NA NA NA 8 NA 0 NA NA NA NA 8 1year and above NA NA NA NA NA NA 0 NA 0 NA NA NA NA 0

FORM NL-26 - CLAIMS INFORMATION - KG Table I Insurer : Max Bupa Health Insurance Company Limited Solvency for the ended 31st December' 2015 Required solvency margin based on net premium and net incurred claims (Rs. in Lacs) SN Description PREMIUM CLAIMS Gross Net Premium Gross Net incurred RSM-1 RSM-2 RSM Premium incurred Claim 1 Fire - - - - - - - 2 Marine Cargo - - - - - - - 3 Marine Hull - - - - - - - 4 Motor - - - - - - - 5 Engineering - - - - - - - 6 Aviation - - - - - - - 7 Laibilities - - - - - - - 8 Others - - - - - - - 9 Health 44,881 42,575 22,245 21,182 8,515 6,355 8,515 Total 44881.00 42575.00 22245.00 21182.00 8515.00 6354.60 8515.00

FORM NL-27 Offices information for Non-Life Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 S No. Office Information Number 1 2 3 4 5 6 7 8 9 No. of offices at the beginning of the Quarter No. of branches approved during the Quarter Out of approvals of previous No. of branches opened Quarter during the Quarter Out of approvals of this Quarter No. of branches closed during the No of branches at the end of the No. of branches approved but not opened No. of rural branches No. of urban branches 26 - - - - 26 12-26

FORM NL-28-STATEMENT OF ASSETS - 3B Company Name & Code: Max Bupa Health Insurance Company Limited & 145 Statement as on: 31st December, 2015 Statement of Investment Assets (General Insurer, Re-insurers) (Business within India) Periodicity of Submission: Quarterly Rs. In Lakhs No PARTICULARS SCH AMOUNT 1 Investments 8 51,797.84 2 Loans 9-3 Fixed Assets 10 2,602.75 4 Current Assets 0 a. Cash & Bank Balance 11 945.03 b. Advances & Other Assets 12 4,244.57 5 Current Liabilities 0 a. Current Liabilities 13-15,867.63 b. Provisions 14-23,108.23 c. Misc. Exp not Written Off 15 - d. Debit Balance of P&L A/c 66,997.72 Application of Funds as per Balance Sheet (A) 87,612.05 Less: Other Assets SCH Amount 1 Loans (if any) 9-2 Fixed Assets (if any) 10 2,602.75 3 Cash & Bank Balance (if any) 11 945.03 4 Advances & Other Assets (if any) 12 4,244.57 5 Current Liabilities 13-15,867.63 6 Provisions 14-23,108.23 7 Misc. Exp not Written Off 15-8 Debit Balance of P&L A/c 66,997.72 TOTAL (B) 35,814.21 'Investment Assets' As per FORM 3B (A-B) 51,797.84 No 'Investment' represented as Reg. % SH PH Book Value (SH + PH) % Actual FVC Amount Total Market Value Balance FRSM* (a) (b) (c) d = (b+c) (e) (d + e) 1 Central Govt. Securities Not less than 20% - 3,220.85 9,988.18 13,209.04 25.51% - 13,209.04 13,419.09 Central Govt Sec, State Govt Sec or Other Approved 2 Securities (incl (i) above) Not less than 30% - 6,306.46 9,988.18 16,294.64 31.47% - 16,294.64 16,502.94 3 Investment subject to Exposure Norms a. Housing & Loans to SG for Housing and FEE Not less than 5% 1. Approved Investments - 0.00 2,713.98 2,713.98 5.24% 2,713.98 2,745.35 2. Other Investments - 0.00 0.00 0.00 0.00% 0.00 0.00 b. Infrastructure Investments Not less than 10% 1. Approved Investments - 7,111.50 1,980.78 9,092.28 17.56% 9,092.28 9,152.14 2. Other Investments - 0.00 0.00 0.00 0.00% 0.00 0.00 c. Approved Investments Not exceeding - 8,415.55 13,510.06 21,925.61 42.34% 1.56 21,927.17 22,003.14 d. Other Investments 55% - 1,759.27 0.00 1,759.27 3.40% 10.49 1,769.76 1,769.76 Total Investment Assets 100% - 23,592.79 28,193.00 51,785.79 100.00% 12.05 51,797.84 52,173.33 Certification: Certified that the information given herein are correct and complete to the best of our knowledge and belief and nothing has been concealed or suppressed Note: * FRSM refers to 'Funds representing Solvency Margin'

FORM NL-29 Detail regarding debt securities PERIODIC DISCLOSURES Insurer: Max Bupa Health Insurance Company Limited Date: December 31, 2015 as at 31 December, 2015 as % of total for this class Detail Regarding debt securities Market Value as at 31 December, 2014 as % of total for this class as at 31 December, 2015 as % of total for this class Book Value as at 31 December, 2014 (Rs in Lakhs) as % of total for this class Break down by credit rating AAA rated 17,343 49% 12,296 47% 17,191 49% 12,116 47% AA or better 1,515 4% 1,522 6% 1,500 4% 1,500 6% Rated below AA but above A - - - - - - - - Rated below A but above B - - - - - - - - Any other(sovereign) 16,503 47% 12,151 47% 16,295 47% 11,843 47% BREAKDOWN BY RESIDUAL MATURITY Up to 1 year 8,222 23% 8,386 32% 8,209 23% 8,374 33% more than 1 yearand upto 3years 14,015 40% 7,729 30% 13,924 40% 7,642 30% More than 3years and up to 7years 511 1% 2,484 10% 500 1% 2,481 10% More than 7 years and up to 10 years 12,613 36% 7,371 28% 12,353 35% 6,962 27% above 10 years - - - - - - - - Breakdown by type of the issurer a. Central Government 13,419 38% 12,151 47% 13,209 38% 11,843 47% b. State Government 3,084 9% - - 3,086 9% - - c.corporate Securities 18,858 53% 13,818 53% 18,691 53% 13,616 53% Note 1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification. 2. Market value of the securities will be in accordance with the valuation method specified by the Authority under Accounting/ Investment regulations. 3. The above disclosure does not include investments in fixed deposits and mutual funds.

FORM NL-30 Analytical Ratios Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 SN Particular For Quarter (Oct - Dec '15) Upto the (Apr - Dec '15) Corresponding Period of the Preceeding Year Upto the Period of the Preceeding Year 1 Gross Premium Growth Rate (Over all) 1.26 1.31 1.18 1.21 1a Gross Premium Growth Rate (Health) 1.26 1.31 1.19 1.21 1b Gross Premium Growth Rate (Personal Accident) 5.27 0.47 0.07 0.63 2 Gross Premium to Net Worth ratio 0.55 1.58 0.53 1.48 3 Growth rate of Net Worth 0.23 0.23 0.20 0.20 4 Net Retention Ratio (Overall) 0.95 0.95 0.95 0.95 4a Net Retention Ratio (Health) 0.95 0.95 0.95 0.95 4b Net Retention Ratio (Personal Accident) 0.85 0.39 2.89 0.67 5 Net Commission Ratio (Overall) 0.10 0.10 0.08 0.09 5a Net Commission Ratio (Health) 0.10 0.10 0.08 0.09 5b Net Commission Ratio (Personal Accident) 0.02 (0.40) (0.44) (0.19) 6 Expense of Management to Gross Direct Premium Ratio 0.58 0.61 0.67 0.70 7 Combined Ratio 1.07 1.10 1.33 1.39 8 Technical Reserves to net premium ratio 2.62 0.91 2.39 0.87 9 Underwriting balance ratio (0.15) (0.22) (0.32) (0.34) 10 Operating Profit Ratio (0.08) (0.17) (0.26) (0.28) 11 Liquid Assets to liabilities ratio 0.85 0.85 1.92 1.92 12 Net earning ratio (0.08) (0.16) (0.25) (0.29) 13 Return on net worth ratio (0.04) (0.24) (0.13) (0.40) 14 Available Solvency margin Ratio to Required Solvency Margin Ratio 2.17 2.17 2.13 2.13 15 NPA Ratio - - - - Equity Holding Pattern for Non-Life Insurers Gross NPA Ratio NA NA NA NA Net NPA Ratio NA NA NA NA 1 (a) No. of shares 876,000,000 876,000,000 753,500,000 753,500,000 2 (b) Percentage of shareholding (Indian / Foreign) 74%/26% 74%/26% 74%/26% 74%/26% 3 4 5 ( c) %of Government holding (in case of public sector insurance companies) (a) Basic and diluted EPS before extraordinary items (net of tax expense) for the year (not to be annualized) (b) Basic and diluted EPS after extraordinary items (net of tax expense) for the year (not to be annualized) Analytical Ratios for Non-Life companies Nil Nil Nil Nil (0.10) (0.60) (0.28) (0.95) (0.10) (0.60) (0.28) (0.95) 6 (iv) Book value per share (Rs) 2.35 2.35 2.23 2.23 Note:previous numbers have been regrouped wherever necessary

FORM NL-31 : Related Party Transactions Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 (Rs in Lakhs) Sl. No. Name of the Related Party 1 Max India Limited Holding Company Nature of Relationship with the Company Related Party Transactions Description of Transactions / Categories For Quarter (Oct-Dec'15) For the Period (Apr-Dec'15) For Quarter (Oct-Dec'14) For the Period (Apr-Dec'14) Reimbursement of Expenses / Recovery of Reimbursement 6.07 15.91 13.05 13.05 2 Max India Limited Holding Company Premium Income - - 0.13-0.62 3 Max India Limited Holding Company Equity Contribution -3,367.00-6,327.00-2,035.00-6,253.00 4 Mr. Manasije Mishra (CEO) Key Management Personal Remuneration - - 37.50 112.50 5 Ashish Mehrotra (CEO) w.e.f 4th Nov 2015 Key Management Personal Remuneration 36.93 36.93 - - 6 R Mahesh Kumar Key Management Personal Remuneration (Company Secretary w.e.f.3rd Jul 2013) 10.89 69.79 15.56 53.53 7 Neeraj Basur Key Management Personal Remuneration (CFO till 20th Jun 2014) - - - 138.35 8 Vishal Garg Key Management Personal Remuneration (CFO w. e. f. 4th Dec2014) - 31.10 3.03 3.03 9 Rahul Ahuja Key Management Personal Remuneration (CFO w.e.f. 01st Jun 2015) 35.99 83.99 - - 10 Munish Sharma Key Management Personal Remuneration (CFO w. e. f. - - - - 11 Mohit Talwar Director Premium Income - - -0.54-0.54 12 Anthony Maxwell Coleman Director Reimbursement of Expenses / Recovery of Reimbursement - 9.83 12.66 12.66 13 Pradeep Pant Director Expenses 3.98 15.02 14 K. Narasimha Murthy Director Expenses 5.00 16.00 15 Max Speciality Films Ltd Fellow Subsidiary Premium Income 0.11-0.05 16 Max Healthcare Institute Limited Fellow Subsidiary Claims Paid & Healthcare Services 17 Max Healthcare Institute Limited Fellow Subsidiary Healthcare Services - - 170.77 396.22 78.41 216.07 18 Max Life Insurance Company Ltd Fellow Subsidiary Services Received 23.03 35.84 27.12 39.56 19 Alps Hospital Limited Fellow Subsidiary Claims Paid & Healthcare Services 20 Alps Hospital Limited Fellow Subsidiary Healthcare Services - - 46.09 100.83 15.23 42.07 21 Hometrail Estate Pvt Ltd Fellow Subsidiary Claims Paid 64.71 132.31 16.78 54.18 22 Hometrail Estate Pvt Ltd Fellow Subsidiary Premium Income - - 23 Hometrail Buildtech Pvt Ltd Fellow Subsidiary Claims Paid 3.80 15.81 1.90 2.56 24 Bupa Singapore Holdings Pte Limited Shareholders with Significant Influence Equity Contribution -1,183.00-2,223.00-715.00-2,197.00 25 Bupa Singapore Holdings Pte Limited Shareholders with Significant Influence Reimbursement of Expenses / - -1.86-17.92-17.92 26 Bupa Finance Plc. U.K. Shareholders with Significant Influence Recovery Reimbursement of Reimbursement of Expenses / -27.71-27.71 27 Bupa Asia Ltd Shareholders with Significant Influence Recovery of Reimbursement Services Received - 204.88 148.96 148.96 28 Antara Senior Living Pvt Ltd. Fellow Subsidiary Premium Income - - -5,204.00 29 New Delhi House Services Ltd Fellow Subsidiary Services Received 3.74 3.74 Reimbursement of Expenses / 30 Max One Distribution and Services Ltd Fellow Subsidiary Recovery of Reimbursement 4.07 8.15 4.40

FORM NL-32 Products Information Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 Products Information List below the products and/or add-ons introduced during the - April 1, 2015 to December 31, 2015 Sl. No. Name of Product Co. Ref. No. IRDA Ref.no. Class of Business* Category of product NIL Date of filing of Product Date IRDA confirmed filing/ approval

FORM NL-33 - SOLVENCY MARGIN - KGII TABLE - II Insurer: Max Bupa Health Insurance Company Limited Solvency as at 31st December 2015 (Rs. in Lacs) Item Description Notes No. Amount (1) (2) (3) (4) 1 Available Assets in Policyholders Funds (adjusted value of Assets as mentioned in Form IRDA-Assets-AA): 28193 Deduct: 2 Liabilities (reserves as mentioned in Form HG) 28193 3 Other Liabilities (other liabilities in respect of Policyholders Fund as mentioned in Balance Sheet) 4 Excess in Policyholders Funds (1-2-3) 0 5 Available Assets in Shareholders Funds (value of 29254 Assets as mentioned in Form IRDA-Assets-AA): Deduct: 6 Other Liabilities (other liabilities in respect of 10782 Shareholders Fund as mentioned in Balance Sheet) 7 Excess in Shareholders Funds (5-6) 18472 8 Total Available Solvency Margin [ASM] (4+7) 18472 9 Total Required Solvency Margin [RSM] 8516 10 Solvency Ratio (Total ASM/Total RSM) 2.17

FORM NL: Board of Directors & Key Person Insurer: Max Bupa Health Insurance Company Limited Date: 31-Dec-15 BOD and Key Person information Sl. No. Name of person Role/designation Details of change during the quarter Board of Directors 1 Mr. Rajesh Sud Chairman 2 Mr. Rahul Khosla Co-Vice Chairman & Director 3 Mr. David Martin Fletcher Co-Vice Chairman & Director 4 Mr. Mohit Talwar Director 5 Mr. Anthony Maxwell Coleman Director 6 Mr. Amit Sharma Director 7 Mr. K Narasimha Murthy Director 8 Ms. Evelyn Brigid Bourke Director 9 Mr. Pradeep Pant Director 10 Ms. Marielle Theron Director 11 Mr. John Howard Lorimer Director 12 Mr. Ashish Mehrotra Chief Executive Officer & Managing Director Key Person# 13 Mr. Ashish Mehrotra Chief Executive Officer 14 Mr. Rahul Ahuja Chief Financial Officer 15 Mr. R Mahesh Kumar Chief Risk Officer Resigned from the Directorship of the Company w.e.f Octocber 27,2015 Appointed as Chief Executive Officer and Managing Director w.e.f November 04, 2015 Appointed as Chief Executive Officer and Managing Director w.e.f November 04, 2015 16 Mr. Anurag Gupta Chief Marketing Officer Appointed as Chief Marketing Officer w.e.f December 04, 2015 17 Mr. Biresh Giri Appointed Actuary 18 Mr. Anand Roop Choudhary Chief Compliance Officer 19 Mr. Vishal Garg Chief Investments Officer 20 Mr. Tanvi Jain Chief of Internal Audit Appointed as Chief of Internal Audit w.e.f October 27, 2015 #Key Persons in line with Clause 2 of Guidelines on Reporting of Key persons (IRDA/Life/GDL/Misc/202/10/2013 dated October 9, 2013)

FORM NL-35-NON PERFORMING ASSETS-7A Company Name & Code: Max Bupa Health Insurance Company Limited & 145 Statement as on: 31st Dec 2015 Details of Investment Portfolio Periodicity of Submission : Quarterly Name of the Fund: General Insurance 31-Dec-15 COI Company Name Instrument Type % Interest Rate Has there been revision? Total O/s (Book Value) Default Principal (Book Value) Default Interest (Book Value) Principal Due from Interest Due from Deferred Principal Deferred Interest Rolled Over? Has there been any Principal Waiver? Amount Board Approval Ref Classification Provision (%) Provision (Rs) NIL

FORM NL-36-YIELD ON INVESTMENTS 1 Company Name & Code: Max Bupa Health Insurance Company Limited & 145 Statement as on: 31/12/2015 Statement of Investment and Income on Investment Periodicity of Submission: Quarterly No. Name of the Fund 1 :Shareholders Funds Representing Solvency Margin and Policyholders Funds Book Value Market Value Investment (Rs.) (%)¹ (%)² Book Value Market Value Investment (Rs.) (%)¹ (%)² Book Value Market Value 1 Central Government Bonds CGSB 10,584.96 10,939.07 374.08 3.53% 3.53% 10,332.20 10,660.12 807.14 7.81% 7.81% 9,972.58 9,994.83 627.50 6.29% 6.29% 2 Deposit under Section 7 of Insurance Act, 1938 CDSS 986.13 992.03 19.30 1.96% 1.96% 984.92 986.88 57.50 5.84% 5.84% 986.99 979.13 63.73 6.46% 6.46% 3 Treasury Bills CTRB 1,627.72 1,627.72 30.26 1.86% 1.86% 1,608.30 1,608.30 92.92 5.78% 5.78% 1,647.77 1,647.77 107.72 6.54% 6.54% 4 State Government Bonds SGGB 1,973.76 1,989.17 39.87 2.02% 2.02% 1,391.60 1,394.20 84.36 6.06% 6.06% - - - - - 5 Bonds/Debentures issued by Authority constituted under any Housing/Building scheme approved by Central/State/any authority or body constituted by Central/State Act HTDA 2,706.34 2,750.12 63.18 2.33% 2.33% 2,691.48 2,732.63 192.14 7.14% 7.14% 2,012.89 2,030.41 146.03 7.25% 7.25% 6 Infrastructure - PSU - Debentures/Bonds IPTD 3,498.05 3,533.86 76.30 2.18% 2.18% 2,277.17 2,300.29 152.17 6.68% 6.68% 4,292.36 4,310.16 317.30 7.39% 7.39% 7 Category of Investment Infrastructure - Other Corporate Securities - Debentures/Bonds Category Code Investment (Rs.) Current Quarter Year to Date Previous Year Income on Gross Yield Net Yield Investment (Rs.) Income on Gross Yield Net Yield Investment (Rs.) Income on Investment (Rs.) ICTD 1,912.86 1,931.85 44.97 2.35% 2.35% 1,971.18 1,988.06 135.76 6.89% 6.89% 810.87 815.00 58.14 7.17% 7.17% 8 Corporate Securities - Bonds - (Taxable) EPBT 4,050.19 4,171.24 92.03 2.27% 2.27% 3,634.74 3,728.72 249.00 6.85% 6.85% 3,108.84 3,140.45 218.96 7.04% 7.04% 9 Infrastructure - Infrastructure Development Fund (IDF) IDDF 1,548.05 1,602.70 34.84 2.25% 2.25% 1,549.34 1,587.23 103.97 6.71% 6.71% 57.35 57.55 3.86 6.73% 6.73% Gross Yield (%)¹ 31-Dec-15 Rs. Lakhs Net Yield (%)² 10 Deposits - Deposit with Scheduled Banks, Fis (including bank balance awaiting investment),ccil,rbi) ECDB 14,690.84 14,690.84 321.79 2.19% 2.19% 14,827.15 14,827.15 1,004.31 6.77% 6.77% 8,379.76 8,379.76 613.35 7.32% 7.32% 11 Deposits - CDs with scheduled banks EDCD 1,133.85 1,133.85 24.54 2.16% 2.16% 1,661.33 1,661.33 106.58 6.42% 6.42% 2,166.68 2,166.68 149.05 6.88% 6.88% 12 Commercial papers ECCP 70.10 70.10 1.20 1.71% 1.71% 23.45 23.45 1.20 5.12% 5.12% - - - - - 13 Mutual funds - GILT/G-Sec/Liquid schemes* EGMF 1,502.24 1,504.64 29.96 1.99% 1.99% 1,056.23 1,056.32 64.57 6.11% 6.11% 937.15 940.07 64.04 6.83% 6.83% 14 Mutual funds - Debt/income/serial plans/liquid schemes* TOTAL OMGS 2,602.72 2,610.22 44.02 1.69% 1.69% 1,711.58 1,715.17 95.09 5.56% 5.56% 1,517.44 1,519.21 90.68 5.98% 5.98% 48,887.81 49,547.41 1,196.36 2.45% 2.45% 45,720.68 46,269.85 3,146.71 6.88% 6.88% 35,890.69 35,981.02 2,460.38 6.86% 6.86% Name of the Fund 2 : Balance Share Holder Funds No. 1 Category of Investment Mutual funds - Debt/income/serial plans/liquid schemes* TOTAL Category Code Current Quarter Year to Date Previous Year Investment (Rs.) Income on Gross Yield Net Yield Investment (Rs.) Income on Gross Yield Net Yield Investment (Rs.) Income on Book Value Market Value Investment (Rs.) (%)¹ (%)² Book Value Market Value Investment (Rs.) (%)¹ (%)² Book Value Market Value Investment (Rs.) OMGS - - - - - 20.52 20.52 0.57 2.79% 2.79% 9.00-0.56 6.19% 6.19% - - - - - 20.52 20.52 0.57 2.79% 2.79% 9.00-0.56 6.19% 6.19% Gross Yield (%)¹ Net Yield (%)² CERTIFICATION Certified that the information given herein are correct and complete to the best of my knowledge and belief and nothing has been concealed or suppressed. Full name: Vishal Garg Date: Designation: Chief of Investment Note: Category of Investment (COI) shall be as per Guidelines, as amended from time to time 1 Based on daily simple Average of Investments 2 Yield netted for Tax 3 in the previouis year column,the figures of the corresponding Year to date of the previous financial year shall be shown 4 FORM-1 shall be prepared in respect of each fund.